Mumbai3 minutes ago
- copy link
After the reduction in the custom duty (import tax) on gold and silver in the budget, gold has become cheaper by Rs 5,000 and silver by Rs 6,400 in 3 days. The government has reduced the custom duty on gold and silver from 15% to 6% in the budget. This has led to this fall in prices.
Two days after the budget, i.e. today on 25th July, gold has fallen by 974 rupees to 68,177 rupees. It fell by 3616 rupees on 23rd July and by 451 rupees on 24th July. Silver has fallen by 3061 rupees today to 81,801 rupees per kg.


Gold price in 4 metro cities and Bhopal
- Delhi: The price of 10 grams of 22 carat gold is Rs 64,150 and the price of 10 grams of 24 carat gold is Rs 69,950.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 64,000 and the price of 10 grams of 24 carat gold is Rs 69,820.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 64,000 and the price of 10 grams of 24 carat gold is Rs 69,820.
- Chennai: The price of 10 grams of 22 carat gold is Rs 64,300 and the price of 10 grams of 24 carat gold is Rs 70,150.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 64,050 and the price of 10 grams of 24 carat gold is Rs 69,850.
Demand for gold will increase, prices will not fall much
According to commodity expert Ajay Kedia, this time in the budget, the custom duty on gold and silver has been reduced from 15% to 6%. Due to this, a decline in its price is being seen. But after the reduction in custom duty, the demand for gold will increase even more rapidly in the coming days.
Although gold and silver have fallen now, it can only be called a duty adjustment. Even if gold falls for a few days, it will cover it again. Considering the elections in America and global tensions, the prices of gold and silver will not fall much. This is a good opportunity to buy.
So far this year, the price of gold has increased by more than Rs 4,800
So far this year, the price of gold has increased by Rs 4,800 per 10 grams. At the beginning of the year, it was at Rs 63,352. Which is now at Rs 68,177 per 10 grams. On the other hand, silver was at Rs 73,395 per kg at the beginning of the year. Which has now reached Rs 81,801 per kg. That is, silver has increased by Rs 8,400 this year.

Keep these 3 things in mind while buying gold
1. Buy only certified gold
Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). There is a 6-digit hallmark code on gold. This is called Hallmark Unique Identification Number or HUID. This number is alphanumeric i.e. something like this- AZ4524. Through hallmarking, it is possible to find out how many carats a gold has.
2. Cross check the price
Cross-check the exact weight of gold and its price on the day of purchase from multiple sources (such as the website of India Bullion and Jewelers Association). The price of gold varies according to 24 carat, 22 carat and 18 carat. 24 carat gold is considered the purest gold, but jewellery is not made from it because it is very soft.
3. Do not make cash payment, take the bill
While buying gold, it is better to make payment through UPI (like Bhim App) and digital banking instead of cash payment. If you want, you can also make payment through debit or credit card. After this, do not forget to take the bill. If you have ordered online, then definitely check the packaging.
Source link
[ad_3]